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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 6715 Certain State affiliation laws preempted for insurance companies and affiliates us united_states_code code_section 15 COMMERCE AND TRADE 93 INSURANCE 6715 15 U.S.C. § 6715 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s6715 data/legal/raw/us/code/title-15/usc15.xml 2377476064460bfd9ec37336515f0be85c2bbaf8235f680f0f4aacaf25f4d02b 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 3c21fbe3a309e31e557bd117b7302b3424c7356df97c606e9377eca3d36f2e4b 2026-07-04 official
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15 U.S.C. § 6715 - Certain State affiliation laws preempted for insurance companies and affiliates

Text

Except as provided in section 6701(c)(2) of this title, no State may, by law, regulation, order, interpretation, or otherwise—

(1) prevent or significantly interfere with the ability of any insurer, or any affiliate of an insurer (whether such affiliate is organized as a stock company, mutual holding company, or otherwise), to become a financial holding company or to acquire control of a depository institution;

(2) limit the amount of an insurers assets that may be invested in the voting securities of a depository institution (or any company which controls such institution), except that the laws of an insurers State of domicile may limit the amount of such investment to an amount that is not less than 5 percent of the insurers admitted assets; or

(3) prevent, significantly interfere with, or have the authority to review, approve, or disapprove a plan of reorganization by which an insurer proposes to reorganize from mutual form to become a stock insurer (whether as a direct or indirect subsidiary of a mutual holding company or otherwise) unless such State is the State of domicile of the insurer.

(Pub. L. 106102, title III, § 306, Nov. 12, 1999, 113 Stat. 1415.)